Nexstar Media Group (NXST) Receives Daily Coverage Optimism Score of 0.35
Headlines about Nexstar Media Group (NASDAQ:NXST) have been trending positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Nexstar Media Group earned a daily sentiment score of 0.35 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.3324245930675 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern’s analysis:
- Nexstar Media Group Inc (NXST) Director Sells $398,050.00 in Stock (americanbankingnews.com)
- Nexstar Media Group Inc (NXST) Insider Timothy C. Busch Sells 10,000 Shares (americanbankingnews.com)
- Insider Selling: Nexstar Media Group Inc (NXST) SVP Sells 20,000 Shares of Stock (americanbankingnews.com)
- Nexstar Media Group (NXST) Raised to “Strong-Buy” at BidaskClub (americanbankingnews.com)
A number of brokerages recently commented on NXST. Noble Financial restated a “buy” rating on shares of Nexstar Media Group in a report on Thursday, December 21st. BidaskClub upgraded Nexstar Media Group from a “buy” rating to a “strong-buy” rating in a report on Friday, December 22nd. Zacks Investment Research cut Nexstar Media Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. FBR & Co began coverage on Nexstar Media Group in a report on Tuesday, October 31st. They set a “buy” rating and a $79.00 target price for the company. Finally, Guggenheim began coverage on Nexstar Media Group in a report on Wednesday, October 18th. They set a “buy” rating and a $90.00 target price for the company. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $82.00.
Nexstar Media Group (NASDAQ:NXST) last posted its quarterly earnings results on Monday, November 6th. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.09. The company had revenue of $611.87 million for the quarter, compared to analyst estimates of $609.44 million. Nexstar Media Group had a return on equity of 16.20% and a net margin of 5.60%. Nexstar Media Group’s revenue for the quarter was up 122.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 EPS. equities analysts anticipate that Nexstar Media Group will post 3.45 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Thursday, November 16th. Nexstar Media Group’s dividend payout ratio is currently 44.94%.
In other news, insider Timothy C. Busch sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $79.13, for a total transaction of $791,300.00. Following the sale, the insider now owns 50,214 shares of the company’s stock, valued at approximately $3,973,433.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lisbeth Mcnabb sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $79.61, for a total value of $398,050.00. Following the sale, the director now directly owns 5,000 shares in the company, valued at approximately $398,050. The disclosure for this sale can be found here. Insiders sold a total of 345,860 shares of company stock worth $23,290,703 in the last ninety days. 8.40% of the stock is owned by corporate insiders.
About Nexstar Media Group
Nexstar Media Group, Inc, formerly Nexstar Broadcasting Group, Inc, is a television broadcasting and digital media company. The Company is focused on the acquisition, development and operation of television stations and interactive community Websites, and digital media services in medium-sized markets in the United States.
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